The Letter Grades (A, B, C, D, F) of Business

question 21

Multiple Choice

The letter grades (A, B, C, D, F) of business analysis students are recorded by a professor. This variable's classification

• A)is quantitative data.
• B)cannot be determined.
• C)is categorical data.
• D)is time series data.

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Definitions:

Administrative Expenses

Costs associated with the general administration of a business, including items like salaries of executives, office supplies, and utilities.

Budgeting

Constructing a scheme to allocate your funds, specifying forthcoming financial ambitions and the tactics to achieve these goals.

Client-visits

The number of times clients visit a business or service center, often used as a metric in customer service and sales industries.

Activity Variance

The difference between the budgeted amount of activity (like hours or units) and the actual amount achieved.